???

A mining company in Goa seeks your

opinion on whether mining falls
within the legislative powers of the
Union or State Legislature under the
Constitution of India.
???
Vimal plans to set up a textile mill
and seeks your view on whether the
cloth sector would come within the
scope of the Union or State
Legislature under the Constitution of
India.
???
FXL Ltd. is planning to take a forex
loan and wants to assess the legal risk
involved in this activity. It seeks your
views on whether forex fall within the
legislative powers of the State
legislature or the Union legislature
under the Constitution of India.
???
LMR Infrastructure is exploring the
possibility of bidding for contracts for
development of highways in India. As
part of the assessment of the legal
risk for the proposal, you are required
to find out whether the law governing
highways falls within the legislative
powers of the State or of the Union
legislature under the Constitution of
India.
 A private equity fund plans to invest
in a nuclear power plant in India
and seeks your advice on the law
that governs the nuclear power
sector and whether it falls under the
legislative power of the State or
Union legislature under the
Constitution of India.
YOU & YOUR
CONTRACTS

A Legal Perspective
(The Indian Contract Act, 1872)
 India invites Chinese participation in its plans to
expand Electric vehicles
 Toyota plans to launch its version of Suzuki’s Baleno
in India next fiscal
 Muthoot Microfin raises Rs.562 crores through
securitization
 Yes Bank appoints Brahm Dutt non-executive
chairman
 Discoms’ outstanding dues to power generators rise
24% to Rs.39,498 crores
 Adani Green Energy acquires remaining 51% stake in
Kodangal Solar Parks
 Vedanta cuts crude oil supply to IOC, restores after
govt. intervention
 UAE and Saudi Arabia to invest in making India hub
for food security
 GJEPC unveils Parichay card in Kolkata aimed at
workers engaged in gem and jewellery sector
 Abundantia Entertainment launches segment-
Essentials
 Competent parties
 Free consent
 Lawful consideration &
object
 Not expressly declared to be
void
 Form & Essentials
 Full name and description of parties
 Clear & legal objective & consideration
 Express clearly the commitments of
each party under the contract (entire
transaction/event)
 Is time of the essence?
 Arbitration clause
 Jurisdiction clause
 Termination clause
 Provision for amendment/review
 Breach & Damages (???)
 Signature, Date and Place
Drawing up a
Contract
 Assignment time
 Read the provisions of Sections 1 to
75 of the Indian Contract Act, 1872